Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Bought by GeoWealth Management LLC

GeoWealth Management LLC lifted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,349 shares of the real estate investment trust’s stock after buying an additional 380 shares during the period. GeoWealth Management LLC’s holdings in Mid-America Apartment Communities were worth $672,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MAA. Metis Global Partners LLC lifted its position in Mid-America Apartment Communities by 9.5% during the 4th quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust’s stock worth $2,670,000 after acquiring an additional 1,499 shares during the period. Paradigm Asset Management Co. LLC raised its stake in shares of Mid-America Apartment Communities by 1,582.9% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust’s stock worth $1,035,000 after purchasing an additional 6,300 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 27.1% during the fourth quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock worth $9,040,000 after purchasing an additional 12,454 shares during the period. Principal Financial Group Inc. grew its position in Mid-America Apartment Communities by 31.6% in the 4th quarter. Principal Financial Group Inc. now owns 189,428 shares of the real estate investment trust’s stock valued at $29,280,000 after buying an additional 45,519 shares during the last quarter. Finally, Vert Asset Management LLC increased its stake in Mid-America Apartment Communities by 9.6% in the 4th quarter. Vert Asset Management LLC now owns 51,374 shares of the real estate investment trust’s stock valued at $7,941,000 after buying an additional 4,499 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock opened at $156.98 on Monday. The stock has a fifty day moving average price of $161.23 and a 200 day moving average price of $157.06. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 52 week low of $125.55 and a 52 week high of $173.38. The firm has a market capitalization of $18.35 billion, a P/E ratio of 35.04, a PEG ratio of 3.72 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. Equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 135.27%.

Insiders Place Their Bets

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $149.93, for a total value of $396,264.99. Following the completion of the sale, the chief executive officer now owns 319,813 shares of the company’s stock, valued at $47,949,563.09. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 7,140 shares of company stock worth $1,142,842 over the last three months. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MAA. Barclays dropped their price target on shares of Mid-America Apartment Communities from $163.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. Evercore ISI raised their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Raymond James lifted their price target on Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Thursday, March 20th. Royal Bank of Canada increased their price objective on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Finally, Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $168.76.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.